- Paperback: 216 pages
- Publisher: In Your Own Words Ltd; 2nd Rev ed Understand Accounting! edition (1 Aug 1999)
- Language English
- ISBN-10: 1900336006
- ISBN-13: 978-1900336000
- Product Dimensions: 21.6 x 19.8 x 1.4 cm
- Average Customer Review: 5.0 out of 5 stars See all reviews (2 customer reviews)
- Amazon Bestsellers Rank: 2,285,825 in Books (See Top 100 in Books)
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Review
This book has done its best to make this dry subject come to life.....For someone setting up their own business this does introduce some key concepts in an easy a way as possible....There is a small glossery which is good to have at hand. It (the book) may also be useful to investors trying to analyse companies as well as to those running them." --Working Lunch "Adam's Read"
Product Description
Join Andrew as he learns a simple way to prepare flexible five year plans for his new business venture. See how easy financial planning can be, with the balance sheets, profit & loss account and predicted cash flow all clearly shown, linked together on just one spreadsheet. Then see how ratios help him assess his business s financial health and performance. Oh, and by the way, learn how simple accounting really is whilst doing this! Indeed, it is as easy as 1 = 1 Using this approach, all of a companys transactions are recorded on a spreadsheet. Beginning with the opening balance sheet as the first row, you enter each of your planned transactions line by line as you work through the book. Every line balances and, if one of the entries is in the cash flow or profit and loss columns you progressively build these reports up as you go along. Finally, when you add up the columns you produce your closing balance sheet! By returning to these basic principles you will find that getting to grips with the subject is easy - and can even be fun! Chapter titles - The Language of Business - The Separate Business Entity - The Transaction Equation - The Worksheet Overview and the Profit and Loss Story - The Cash Flow Story - The Balance Sheet Story - Cost Behaviour and Break-Even Analysis - Modelling the future - A Matter of Interpretation - A Little Bit of History, how the double entry system evolved - Glossary of Terms - A Few Transatlantic Equivalent Terms
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Most Helpful Customer Reviews
3 of 3 people found the following review helpful:
5.0 out of 5 stars
An interesting accounting book...? Absolutely,
By
This review is from: Understand Accounting!: An Easy Way to Develop Flexible Business Plans (Paperback)
Understand Accounting! is a very interesting and easy to understand introduction to basic financial accounting. It is written like a story, which actually makes you want to keep reading (unlike some accountancy text books I've tried to read!). The book is aimed at anyone who needs to read and understand published accounts, for example company directors, shareholders, non financial managers, etc. It is written in such a way that, regardless of the educational level of the reader, all the topics are meaningful, applicable and comprehensive. If you're looking for a well written, user friendly introduction to accounting that will build your confidence in discussing financial matters, then this is the book you need to read. A great book!
5.0 out of 5 stars
Easy to read,
This review is from: Understand Accounting!: An Easy Way to Develop Flexible Business Plans (Paperback)
A great introduction to basic accounting. Easy to follow, and far from dull.... I'm looking forward to the follow up book.
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